REG - Macfarlane Group PLC - Trading Update

MacfarlaneAnnouncement

Today 07:00

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RNS Number : 1820J  Macfarlane Group PLC  27 November 2025

 

27 November 2025

Macfarlane Group PLC

("Macfarlane" or the "Group")

Trading update

On track to meet full year market expectations

Macfarlane Group PLC is updating the market today.

•       The Board anticipates the Group's performance for the year ending
31 December 2025 will be in line with full year expectations as set out in its
trading update dated 22 October 2025(1).

•        Following the tragic incident at the Pitreavie business,
operations are gradually recovering.  We have committed £1.2m of investment
in new equipment to restore the business to full operational capability by the
end of Q1 2026, helping to accelerate the process of recovery and creating
capacity for growth.

•       The Group is positioning the pension scheme for a possible buy-in
to reduce future risk and minimise any further requirement for cash
contributions. As part of this process a non-recurring accounting charge,
currently estimated at between £2m and £3m, will be accrued to recognise an
increase in the expected cost of historic equalisation of pensions.

Commenting on today's announcement Aleen Gulvanessian, Chair of the Group,
said:

"We continue to take steps to support the wellbeing of our colleagues at
Pitreavie.

"The management team remains focused on stabilising the Pitreavie business and
implementing actions to improve the performance of the Distribution business."

(1) Full year Adjusted Operating Profit market consensus £19.1m.

 

 Further enquiries:  Macfarlane Group                                                           Tel: 0141 333 9666
                     Aleen Gulvanessian        Chair
                     Peter Atkinson                  Chief Executive
                     Ivor Gray                             Finance
                     Director

                     Spreng Thomson
                     Callum Spreng                                                              Mob: 07803 970103

Legal Entity Identifier (LEI):  213800LVRYDERSJAAZ73

Notes to Editors:

·    Macfarlane Group PLC has been listed on the Main Market of the London
Stock Exchange plc (LSE: MACF) since 1973, with over 70 years' experience in
the UK packaging industry.

·    Through its two divisions, Macfarlane Group services a broad range of
business customers, supplying them with high-quality protective packaging
products which help customers reduce supply chain costs, improve operational
efficiencies and sustainability and enhance their brand presentation. The
divisions are:

o Packaging Distribution - Macfarlane Packaging Distribution is the leading UK
distributor of a comprehensive range of protective packaging products; and

o Manufacturing Operations - Macfarlane Design and Manufacture is a UK market
leader in the design and production of protective packaging for high value and
fragile products.

·    Headquartered in Glasgow, Scotland, Macfarlane Group employs over
1,000 people at 43 sites, principally in the UK, as well as in Ireland,
Germany and the Netherlands.

·    Macfarlane Group supplies more than 20,000 customers, principally in
the UK and Europe.

·    In partnership with 1,700 suppliers, Macfarlane Group distributes and
manufactures 600,000+ lines, supplying to a wide range of sectors, including:
retail e-commerce; consumer goods; food; logistics; mail order; electronics;
defence; medical; automotive; and aerospace.

 

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